Mississippi State Tax
Caution! Do not include the standard deduction amount with the exemption amount. Sage 100 Contractor automatically adds the standard deduction amount for you.
While most states use a fixed amount for exemptions, Mississippi allows variable amounts for exemptions. To claim a variable exemption, Mississippi residents can complete Form 62-420 Employee’s Withholding Exemption Certificate. An employee with a working spouse can check line 2B of Form 62-420 and claim an exemption not to exceed $12,000 between the employee AND spouse. On line 2B, an employee enters the amount he or she wants to claim by increments of $500.
Employees who work in Mississippi can select from the following marital status options.
|
Status |
Description |
|---|---|
|
1-Single |
Single/Head of Household |
|
2-Married |
Married, one spouse employed |
|
3-Head of Household |
Head of Household |
|
4-Married/Separate |
Married, both spouses employed |
|
5-Married/Joint |
Married, one spouse employed |
Sage 100 Contractor cannot automatically enter a fixed exemption amount based on marital status for Mississippi because the employee and spouse determine the amount.
To set up payroll calculations on an employee for Mississippi State Tax:
- Open 5-2-1 Employees.
- Using the data control, select the employee.
- Click the Calculations tab.
- In the Rate cell of the Mississippi Income Tax row, enter the exemption amount claimed on line 6 of Form 62-420.
- Click > .